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Why the Fordney-McCumber Tariff Led to Prosperity—and the Smoot-Hawley Tariff Led to Depression

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photo of President Calvin Coolidge 

the staff of the Ridgewood blog

Ridgewood NJ, Two of the most significant trade policies in U.S. history—the Tariff Act of 1922 (Fordney-McCumber Tariff) and the Tariff Act of 1930 (Smoot–Hawley Tariff)—produced very different economic outcomes. One is linked to postwar prosperity, the other to global economic collapse. What made the difference?

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